Explore OCBOA, a flexible non-GAAP accounting framework that includes tax-basis, cash-basis, and statutory accounting, offering an easier, cost-effective alternative for financial statements.

Learn about changes in accounting principles and why businesses make them, as well as the reporting and recording ...

The accounting cycle tracks a transaction until it's added to your company's financial statement. Follow this eight-step ...

Expense accounts are an integral part of the double-entry system of accounting and are used to record various costs businesses incur. The way expense accounts work is relatively simple, but to use ...

Assets, liabilities, owner's equity, revenue and expenses -- the five main elements of accounting -- each affect a financial statement differently. How each element affects a financial statement, ...

Good bookkeeping is necessary to have the financial information you need to make sound business decisions. Many, or all, of the products featured on this page are from our advertising partners who ...

Bookkeeping is a method in which you track the books of your business—the actual accounting of your organization to make sense of everything that has gone on in your business. And having a bookkeeping ...

Accounting is undoubtedly one of the most crucial components of running a successful business. It's impossible to overlook the significance of keeping track of your finances. With a clear ...

The Governmental Accounting Standards Board released a concepts statement Thursday to provide a conceptual framework for its work on note disclosure requirements for state and local governments. GASB ...

Accrual basis accounting is typically the preferred method, but cash basis accounting may work for very small businesses. Many, or all, of the products featured on this page are from our advertising ...

The International Accounting Standards Board published a consultation document Wednesday with eight proposed illustrative examples showing how companies could apply International Financial Reporting ...

Wave offers competitive accounting software, and is a great choice if you’re running a side hustle and can do without the bells and whistles that come with pricier options. In fact, with free ...